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Want to add more growth to your portfolio but not sure where to look? Companies such as Leigh Creek Energy and ImpediMed are deemed high-growth by the market, with a positive outlook in all areas – returns, profitability and cash flows. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.
Leigh Creek Energy Limited (ASX:LCK)
Leigh Creek Energy Limited operates as an energy company in Australia. Leigh Creek Energy is headed by CEO Phillip Staveley. With a current market cap of AUD A$85.26M, we can put LCK in the small-cap stocks category
LCK is expected to deliver an extremely high earnings growth over the next couple of years of 58.98%, bolstered by an equally impressive revenue growth of 100.00%. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. LCK’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. A potential addition to your portfolio? Other fundamental factors you should also consider can be found here.
ImpediMed Limited (ASX:IPD)
ImpediMed Limited, together with its subsidiaries, engages in the development, manufacture, and sale of bioimpedance devices and consumables in Australia, North America, Europe, and internationally. Formed in 1999, and headed by CEO Richard Carreon, the company now has 76 employees and with the market cap of AUD A$209.86M, it falls under the small-cap group.
IPD is expected to deliver an extremely high earnings growth over the next couple of years of 72.31%, bolstered by a significant revenue which is expected to more than double. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. Furthermore, the 45.95% growth in operating cash flows indicates that a good portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. IPD’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? Check out its fundamental factors here.
Cooper Energy Limited (ASX:COE)
Cooper Energy Limited, a petroleum exploration and production company, finds, develops, and sells oil and gas properties. The company employs 36 people and with the stock’s market cap sitting at AUD A$592.40M, it comes under the small-cap category.